The Greenhouse Horticulture Market is being driven by Increased urban demand driving horticultural production
The Greenhouse Horticulture Market is expected to grow at a CAGR of 7.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12946.1 million. In the realm of greenhouse horticulture, insufficient natural sunlight poses a challenge during certain seasons, such as rainy, autumn, and winter, when cloud cover can obstruct sunlight. To address this issue and cater to the specific needs of various plant species, horticultural lighting solutions are employed. These solutions encompass photoperiodic and supplemental lighting applications, designed to induce photosynthesis under non-optimal sunlight conditions. Photosynthesis occurs within a defined spectrum, referred to as Photosynthetically Active Radiation (PAR), which encompasses light waves ranging from 400 to 700 nanometers. Intensity of light within this spectrum plays a crucial role, depending on the specific application requirements.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
222 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.9% |
Market growth 2025-2029 |
USD 12946.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
7.2 |
Key countries |
The Netherlands, US, Spain, Germany, Italy, China, France, India, Canada, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the realm of Greenhouse Horticulture, advancements include automation systems, grow lights (LED and HPS), drip irrigation, humidity and temperature control, CO2 enrichment, and plant growth regulators. Biological pest control, integrated pest management, crop rotation, and diversification promote sustainable practices. Soil-less cultivation, substrate management, plant tissue culture, and clonal propagation enhance productivity. Vertical stacking and multi-level cultivation maximize space usage. Greenhouse design, construction, and materials (polycarbonate panels, glass structures) ensure optimal growing conditions. Renewable energy (solar, water recycling, waste management), food traceability, and technology (big data, AI, machine learning, remote sensing, precision irrigation, smart sensors, plant health monitoring, crop yield prediction, harvest automation, food processing, and value-added products) drive efficiency and innovation.
The Greenhouse Horticulture Market encompasses businesses specializing in the production of greenhouse structures, vertical farming, and Controlled Environment Agriculture (CEA) systems. Key components include climate control systems and irrigation systems. The market's expansion is driven by the growth of the construction sector, particularly in developing economies, where there is a pressing need to address urbanization and public healthcare infrastructure development. Technavio projects the global market size based on the combined revenue generated by manufacturers of these essential horticulture solutions. Building products, such as windows and doors, flooring, and insulation materials, also contribute significantly to the market's growth. The construction industry's resurgence in both developed and developing economies fuels the demand for advanced greenhouse structures and CEA systems, ensuring continued market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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